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Updated over 4 years ago on . Most recent reply

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69
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15
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Prachi Metha
  • Dublin, CA
15
Votes |
69
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Buying a Duplex Property

Prachi Metha
  • Dublin, CA
Posted

I am looking into buying a duplex property in Sacramento region. I have seen few on the market that stay in market for a longtime or get back in market every few days. All these properties seems to have tenants as well so I am not sure why these properties stay in market for longtime.  In general what should be few points or notes I should look into while buying such property.  Is there any major difference while investing into single family vs duplex property? Please advise 

Most Popular Reply

User Stats

100
Posts
80
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Sean Smith
  • Real Estate Broker
  • Seattle, WA
80
Votes |
100
Posts
Sean Smith
  • Real Estate Broker
  • Seattle, WA
Replied

@Prachi Metha Tenant occupied properties that are sitting on market tell me a few things:

1. The property may be overpriced.

2. The property may be in poor condition/unpermitted

3. Tenants are behind in rent and the landlord wants out

4. Tenants are drastically under market rent. If this is the case, please keep in mind the new rent control laws regarding raising rents and vacating tenant occupied units.

The properties you’re seeing may have a combination of these. Can you provide an address of one you’ve seen and we can help break it down for you?

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